Tidal Investments LLC trimmed its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 27.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 132,591 shares of the company’s stock after selling 51,101 shares during the period. Tidal Investments LLC owned about 0.31% of FirstCash worth $28,682,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in FCFS. Vaughan Nelson Investment Management L.P. grew its stake in shares of FirstCash by 9.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after buying an additional 40,535 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in FirstCash by 70,840.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock valued at $7,010,000 after acquiring an additional 43,921 shares during the period. Fourth Sail Capital LP acquired a new position in FirstCash in the 4th quarter valued at about $17,439,000. BlackRock Inc. purchased a new stake in FirstCash during the second quarter worth about $1,088,429,000. Finally, Brant Point Investment Management LLC acquired a new stake in shares of FirstCash during the fourth quarter worth about $2,391,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.
Insiders Place Their Bets
In other FirstCash news, insider Howard Hambleton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the sale, the insider owned 30,406 shares of the company’s stock, valued at approximately $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Stuart sold 5,348 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the completion of the sale, the chief operating officer owned 135,498 shares of the company’s stock, valued at $29,081,935.74. This trade represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,098 shares of company stock valued at $3,051,281 in the last three months. 2.86% of the stock is owned by corporate insiders.
FirstCash Stock Performance
FirstCash (NASDAQ:FCFS – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current year.
FirstCash Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 14th. FirstCash’s dividend payout ratio (DPR) is currently 19.18%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. TD Cowen raised their price target on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Loop Capital raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a research report on Monday, August 10th. Wall Street Zen lowered shares of FirstCash from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.
Check Out Our Latest Stock Report on FCFS
FirstCash Company Profile
FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.
In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.
See Also
- Five stocks we like better than FirstCash
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.
